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Alibaba Group Holding Ltd.’s cloud division led a 2 billion yuan ($293 million) funding round for ShengShu Technology, strengthening the startup’s position in China’s competitive AI video sector. The Beijing-based company, developer of the Vidu video

2026-04-10

Alibaba Group Holding Ltd.’s cloud division led a 2 billion yuan ($293 million) funding round for ShengShu Technology, strengthening the startup’s position in China’s competitive AI video sector. The Beijing-based company, developer of the Vidu video generator, also attracted investment from Baidu Ventures and Luminous Ventures, though it did not disclose its valuation. The round follows a 600 yuan million raised just two months earlier, highlighting rapid funding momentum in the AI video space.

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2026-04-10

Hainan Airlines is seeking to raise up to 500 million yuan ($73.2 million) via a potential five-year onshore bond sale, marking a possible return to debt markets more than four years after its restructuring, according to people familiar with the matt

Hainan Airlines is seeking to raise up to 500 million yuan ($73.2 million) via a potential five-year onshore bond sale, marking a possible return to debt markets more than four years after its restructuring, according to people familiar with the matter. The airline has sounded out investors in recent weeks, with plans under consideration for at least a year. The issuance would test investor appetite for debt from restructured firms. Hainan Airlines completed its restructuring in 2021 and is now controlled by Liaoning Fangda Group. The move follows the collapse of former parent HNA Group and comes as the airline continues to rebuild operations, with over 1,400 routes last year.
2026-04-09

US equity futures fell on Thursday, reversing some of Wednesday's rally as skepticism about the US-Iran ceasefire grew and geopolitical risks remained high. S&P 500 futures dropped 0.3%, and Nasdaq 100 contracts slid 0.2%. Tensions resurfaced after I

US equity futures fell on Thursday, reversing some of Wednesday's rally as skepticism about the US-Iran ceasefire grew and geopolitical risks remained high. S&P 500 futures dropped 0.3%, and Nasdaq 100 contracts slid 0.2%. Tensions resurfaced after Iran accused parties of violating ceasefire terms, with disagreements over its extension to Lebanon. Oil prices rebounded to $98 per barrel amid concerns that the Strait of Hormuz remains closed, with analysts warning that sustained high oil prices could pose longer-term risks for stocks and inflation.
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